ACT Policing is investigating a stabbing incident that occurred this afternoon in Belconnen, following an altercation between two men that left one seriously injured.

About 1pm today, Friday 23 August, police responded to reports of an altercation between two men at a residence on Ranken Loop in Belconnen, during which one man was stabbed.

Police attended and provided first aid to the victim before he was treated at the scene by ACT Ambulance Service paramedics. The man was transported to hospital with serious injuries.

The offender fled the scene on foot and was last seen in the Belconnen area. A police operation to locate the offender is underway.

Police believe the incident is not random but anyone with information in relation to the identity or whereabouts of the offender, and who has not already spoken to police, is urged to contact 131 444.